France's MEMSCAP Q1 profit falls on currency impact

Memscap SA

30/04/2026 06:43

Overview

France MEMS sensor maker's Q1 revenue rose 6.2% yr/yr to €3.3 mln

Adjusted EBITDA fell yr/yr as margin was impacted by foreign exchange effects

Net profit declined to €114k from €292k a yr earlier

Outlook

Company confirms strength in aerospace segment and momentum in optical communications

Company sees gradual improvement in medical activities

Company continues operational optimization and development of Engine Control and Fluidic Systems

Result Drivers

OPTICAL COMMUNICATIONS GROWTH - Revenue from optical communications nearly doubled, driven by increased investments in data centers and high-performance computing infrastructure

MEDICAL SEGMENT RECOVERY - Medical activities increased 22.2% as the segment continued to recover from declines in 2025

FOREIGN EXCHANGE IMPACT - Gross margin and net profit were negatively affected by unfavorable foreign exchange effects, especially in the aerospace segment

Company press release: ID:nBw3Y4t8ka

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
EUR 114,000
Q1 Adjusted EBITDA
EUR 307,000
Q1 Operating Expenses
EUR 1.11 mln
Q1 Revenue continuing operations
EUR 3.30 mln


Analyst Coverage

The one available analyst rating on the shares is "strong buy"

The average consensus recommendation for the semiconductors peer group is "buy."

Wall Street's median 12-month price target for Memscap SA is €6.00, about 13.4% above its April 29 closing price of €5.29

The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 21 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)